Search form

Profit down 29 per cent at Archant

Newspaper publisher Archant has reported 29.4 per cent drop in operating profit in the last financial year to £10.4m

Turnover in the year to 31 December was down 3 per cent from £139.3m to £135.1m, while operating cash flow remained stable at £13.1m and net debt was reduced by a quarter to £17.4m - the company said.

The company did, however, report a much stronger performance in the second half of the year. In the six months to 31 December group operating profit was said to be up 1.6 per cent to £7.8m on turnover down 2 per cent to £67.8m.